IM irwinmitchell
THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY NO. 1164969
FINANCIAL STATEMENTS
Forth•
èar èndèd 5 A kll 2021
(Ref.. 461305471

THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY NO. 1164969
Contents to Financial Statements for the
ear ended 6 A ril 2021
Pa
Annual Report of th8 Trustee8
Auditorfs Rer)ort
Balance Sheet
Slalernent of Financial Acbwties
14
Notes to Financial Statements
1&19
Schedule of Invesknents

ANNUAL REPORT OF THE TRUSTEES
For th& year ended 5th April 2021
Full name of Charity:
The lan M Foulerton Charitable Trust
Nature of governing document:
Will of lan Michael Foulerton dated 4 December
2009
Registration Number:
1164969
Trustees:
John Francis McEvoy
Duncan Bemard O'Kelly
Thomas Eggar Trust Corporation Ltd
Directors of Thomas Eggar Trust Corporation Ltd-
Paula Caryn James
Craig Alexander Marshall
Darran Fawcell
Sarah Phillips
Caroline Shelton
James Pavey
Michael Taylor
Registered Address-
Thomas Eggar House. Friary Lane, Chichester, Wesl Sussex.
P019 1UF
Banker:
Barclays Bank Plc, 74-75 East Street. Chichester,
Wesl Sussex, P019 1HR
Solicitors:
ITwin Mitchell LLP, Thomas Eggar House.
Friary Lane, Chichester. Wesl Sussex, P019 1 UF
Independènt Audltors:
Jones Avens Limited, Chartered Accountants,
Piper House, 4 Duke Court. Bognor Road, Chichester, Wesl
Sussex. P019 8FX
Investment Managers..
Sanlam UK Limited,
Sl Johns Street, Chichester, Wesl Sussex,
P019 1UP
Operating Restrictions..
Charitable objects according to the Law of England
Specific investment powers..
Wide unrestricted powers given lo the Trustees in
the Will dated 4 December 2009
GA.. 5257352 1

Objects of the charity
The Trustees shall hold the capital and income of the Trust Fund upon trust lo applythe income and all or
such part or parts of the capital al such lime or limes and in such manner to or for the benefit of such
exclusively charitable objects and purposes in any part of the workl as the Trustees mayin theirdiscrelion
think fit or towards
lal The preservation conservation protection and re8loralion for the public benefit of
any building or buildings of historic archileclural or artistic or scientific interest and
importance includin9 any ancillary land and buildings which are vesled in others or
in respect of which the Charity shall have any interest orwhich shall or may al any
time be vested in the Charity
Ibl The preseNalion protection conseNatitsn and resloralion forlhe puUic benefit of all
furniture pictures historic records books manuscripts munirrents amour porcelain
silver and gold objects d'art and other items of historic artistic or scientifi¢ interest
associated with or displayed in any such bUi￿l￿g or buildings
Icl The advancement of the education of the publi¢ in buildings and ancillary land and
items of historic architectural artistic or scientific interest through the creation
maintenance and funding of grants bursaries scholarships and prizes for
edu¢alional and research purposes and to increase the public's knowledge
appreciation and enjoyment of such buildings land and items
Organisation
The Trustees who seNed during the year and since the year end are sel out on page1. The Trustees met
during the year lo consider the future of the Trust. The statutory power of appointment applies in
connection with the appointment of Trustees and is exercisable by the continuing and retiring Trustees.
Grant making policies and activitiès
The capital and income of the Trust is lo provide onlyforlhe assistanceor provision of funds as detailed in
the Will of lan M Foulerton dated 4 December 2009. The TrLJStees have paid due regaid lo guidance
issued by the Charity Commission in deciding what actNilies the Trust should undertake.
Achievements and perfomiance
During the year the trust made 16 {2020'. 51 donations tolalling £135,380.0012020.. £78.000.001.
Finan¢lal review and investment policy .
There are no reslriclions on the Charity's power to invest. The investment strategy is sel by the trustees
for a period of five years and lakes account of demand for funds. The trustees ¢onsider the income
requirements, the risk profile and the investment manager's view of the market prospecis in the medium
term. This strategy is sel within an overall policy which slates that the fund is lo be invested in moderate
risk investments with a view lo ensuring that capital appreciation of the fund exceeds inflation over each
five year period. The funds may be invested in anytype of investment. Our strategy is reviewed with our
investment managers annually.
During the year incoming resources lolalled £43,804.64 {2020-£54.360.021, resources expended lolalled
£159.420.72 12020- £101,928.90), and other recognised gainslllossesl lolalled £335.134.61.12020-
1£235,246.081 As a result the fund balance carried fOn￿ard al 5 April 2021 was £1,881,995.3212020 -
£1,642.476.79.
The Trustees confim that they did not receive any remuneration during the year. nor were they
reimbursed for any expenses.
Reserves policy .
It is the policy of the charityto maintain unreslrtcled funds, which are the free reserves of the charity, al a
level which equates lo approximately six months expenditure. This provides sufficient funds lo coveT
management and adminislralion and support costs and to respond lo emergency applications for grants
which may arise. Unrestricted funds were maintained al this level throughout the year.
GA.. 5257352 1

Risk management .
The Iruslees have examined the major slralegic, business and operational risks which the charily laces
and confirm that systems have been established lo enable regular reports to be produced so that the
necessary steps can be taken lo lessen these risks.
Trnstees, responslbllltles In relatlon to the financial statements .
Lawapplicable lo ¢harilies in England and Wales requires the Iruslees lo prepare financial siatemenls for
each financial year which give a true and fair of the charily's financial activities during the yearand of
ils financial position al the end of the year. In preparing those financial slalements, the Iruslees are
required lo..
select suitable accounting policies and then apply them consistently.,
observe the melhLYJs and principles in the Charities SORP.,
slate whether applicable accounting standards and slalemenls of recommended pracli¢e have
been followed subject lo any departures disclosed and explained in the financial slalements,. and
prepare the financial statements on the going concern basis unless it is inapproprialeto presume
that the charity will continue in business.
The Iruslees are responsible for keeping accounting records which disclosewilh reasonable a¢cura¢y at
any lime the financial position of the charity and enable them to ensure that the fi'nancial stalemenls
comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that the accounts comply with the governing document.
The slalulory power of appointment applies in connection wlh the appointment of Trustees and is
exercisable by the continuing and retiring Trustees.
Oknoldl
D O'Kelly
Director
For and on behalf of
Thomas Eggar Trust Corporation Ltd
GA.. 525735LI

Page 4
THE IAN M FOULERTON CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT
TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST
Oplnlon
We have audited the financial statements of The lan M Foulerton Charitable Trust Ithe 'eharity'l for
the year ended 05 April 2021 which comprise the statement ol finaneial activitie5, the balance sheet
and the notes lo th6 financial st8tements, including a 8ummary of significant accounting policies.
The finan￿￿1 reporting framework that has b8en applied in their preparation is applicable law and
United lfj'ngdorn Accounting Standards, including Financial Reporting Standard 102 The FinanGial
Reporting Standard applicable in the UK and RepublK of Ireland (United Kingdom Generally A¢￿pted
Aceounling Pr8Ctieel.
In our opinion. the financial statements..
giv8 a tru& aF)d fair view of the stale of the charity's affairs as al 05 April 2021 and of its incoming
resourees and spplieation of resources, for th& y88rthen ended..
have been propedy prepa￿d in accordan￿ vAth United Kingdom Generally A¢￿pted Accounting
practi￿.. and
have been prepared in 8CCOTdance wth the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in ac￿r￿an￿ ￿th International Standards on ALKlrting IUKI IISA5 IUKII and
applicable law. Our responsibilities under those standards are further described in the Audbtofs
responsibilities for the audit of the account5 section of our report. W8 are ind8pend8nt of the charity in
aceordanee with the ethical requirements thal are relevant to our audit of the accounts in th8 UK.
including the FRC'S Ethical Standard, and we have fulfilled our other ethical ￿spOnsIbl11￿eS in
accordance With th988 r8quiremenls. We believe that the audit eviden￿ we have obtained is
suffiaent and appropriat6 to provide a basis for our opinion.
Conclu$lon$ relatlng to golng eone•rn
In auditing the financial statements, we have concluded that the Trustees, use of the going COn￿M
basss of accounting in th6 preparatlon of thè financi81 stat8m8nts is Sppropriata.
Based on the work we have perfornied, we have not identified any material uncertainties relating to
events or conditions that. indimdually or collectively, may cast significant doubt on the charity's ability to
ctsntinu8 as a goin9 conc8m lor a p8ri0d of at ￿8St Iwelve month5 frorn wh8n th8 financial 5t818ments
ar8 8Uthorised for i88Ug.
Our responsibilities and the ￿spOnSibl11t1eS of the Tnjstees wth respect to going eoncern are describèd
in the rel8vant sections ol this report.
Other inforniation
The other Information comprises the information included in thè annual report other than tha financi81
statements and our auditorts r8POrt th8r8on. Th& Trustees are r8sponsible for the other information
contained within the annual r8porL OLJr opinion on the finanrial statements does not cover the other
information and we do not express any form of assurance conclusion thereon. Our responsibility is to
read the other inlorrnation and, in doing so, consid&[ whether ihe other information 15 m8t8rially
inconsistent wth the fin8n¢i81 stslem8nt$ or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. 11 we identify such material inconsistencies or apparent
material misstatements. we are reqUI￿d to determine whether this gives rise to a material misstatement
in the Iinancial statements themselves. If, based on the work we have pertormed, we conthde that there
is a material rnisststemenl of this other illforrn8I'on, we are required to report that fact.
We have nothing to report in this regard.

Page 5
THE IAN M FOULERTON CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORT
TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST
Matters on which we are required to report by exception
We have nothing lo report in respect ol the following matters in relation to which the Charrties
(Aecounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any rnaterial respect with tha
trustees, report., or
suffiuent a¢countyng records have not been kept,. or
the financial Statements are not in agreement with the accounting records,. or
we have not r￿1Ved all the information and explanations we require for our audit.
R88pon81bllltle8 of tru$tee$
As explaSned mor8 fully in th8 statemént of tru5te68' responsibilities. the Iruslee8 8re responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair vw,
and for such internal Control as the trustee8 determine is necessary to enable the preparation of
financial staternents that are free from material misstatement, whether due to fiaud or error.
In preparing the financial stat8m8nts, th8 trustees are responsible for assessing the charity s ability
to continu8 8S 8 going concern, disclosing. 8S applicable, matters related to going con￿rn and
using the going con￿rn basis of accounting unless the trustees either intend to cease operations, or
have no realistic allernalive but to do so.
AudIt0￿8 responslbllltles for the audlt of the flnanclal statements
We have b88n 8ppoint8d as auditors under s8clion 145 of th& Charili&s Act 2011 and r8Wrt in
accordance wth the Act 8nd relevant regulations made under sedion 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free frorn materi81 mis$tat8rn8nt. whether due to fraud or error, and to Issue an auditors
report thal includes our opinion. Reasonable assuran￿ is a high level ol assurance. but Is not a
guarantee that an audit condu¢ted in accordan￿ with ISAS IUKI will a5ways detect a material
misstatemenl when il exists. Misstalem&nis can arise from fraud or error and ar& consider8d material
if, individually or in the aggregate. they could reasonably be expected to influence the economic
decisions of users taken on the basis ol these financial statements.
Idenllflcatlon and a$$e$8ment of Irreyularltlgs Includlng fraud
Irr8gu18rits'es, including fr8ud. are ins18nces of non-complian￿ with laws and regulations. We designed
procedures in line wth our responsibilities, outlined above, to detect material misstatements in ￿SpeCt
ol irregularities, including fraud. The extent to which our pyo￿￿UreS were capable of deteclino
irr8gulaiities, including fraud 15 d8tail8d below.
we fo¢used on 8pe¢ific laws and r8gulations which we considered may have a direct rnaterial
efferl on the financial statements or the operation5 of the as8oriation, induding Th8 Compani88
Act 20(￿.
we obtained an understanding ol the legal and ￿gUlatOry framework applicab18 to the entity and
how the entity is complying with that framework by making appropriate enquiries of man8g8ment
as wel18s considering the internal controls in place to mlligate risks of fraud and non-eomplianeè
wth laws and regulations,.
W8 made 8nquiii8s of thosa charged ￿1th governanca and manag8m8nt conceining..
the risks ol fraLKI-,
instances of non-complianc8 Wlth laws and regulations or krwiledge of actual, suspected,
or alleged fraud is docum8nted during th8 period.,
we alloca18d an eng898m8nt team that we consKJer8d cd18cIIv81y had th8 appropriate
Compet￿Ce and capabilit￿$ to ￿eTht1fy or recognise non-compliance with laws aThJ regulations.
Audlt response to the rl$k of lffegularltles Includlng frauil
Based on the results of our risk sssessment, our procedures incjuded, but were not limited to..
performing analyti￿1 pro￿dUreS to identify any unusual or unexpected relationships.
evaluating whether the selection and application of accounting policie5 by the entity that m8y b&
indicative ol fraudubnt financial reportirvj resulting from management's effort lo manage earniws.

Page 6
THE IAN M FOULERTON CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT
TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST
assessing whether judgements and assumptions made in determining the accounting estimates
set out in note 2 were indbeats.ve ol potential bias.
agreeing financial statement discbsures lo underlyino supporting documentstlon.
rè8ding th8 minutes of rneetings ol those charged with governan￿.
reidewing the correspondence with ￿levant regulatory bodies.
testing oljournal entries to address the risk of fraud through management override.
incorporating an element of Unpred￿tabIlitY in the selection ol the nature, timing. and extent ol our
audit procedurès.
corroborating the business rationale for transactions outswje the normal course of buslness.
Concluslons regarding the rf8k8 of Irr8gularltl•s Includlng fraud
The￿ are inherent 15milations in our audit procedures described abov8. Th8 more r8rn0ved that laws
and regulatlons are from finaricial transactions, thé less lik81y it is that would becorne aware ol non-
compliance.
Material misstatements that an5e due to fraud can be harderto detect than thos8 that aris8 frorn error as
they may involve dèlibèrate concealmènt or Collusion.
We considered our audit was capable of detecting irregularities due to..
the effectiveness of the entity's internal controls",
the nature. timing and extent ol audit procedures perfomed.. and
the abseTr￿ of￿￿tradi￿Ory 8VKlen¢e.
A further description of our ￿Sponsi1￿11tieS for the audlt of the financlal statements Is located on
ihe Financial Reporting Couneil's website at.. http.'Ilwthw4.fr¢.org.uklauditorsresponsibilities. This
description forms part of our suditois rèport.
Usè of our r8POrt
This report is made solely to the charity's trustees, as a Ey)dy, in acctsrdance wth part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
we rnight state to the charity's trustees those m8tl8rs we ar8 required io stste to them in an auditors.
port and for no other purpose. To the fullest extent peimitted by law, we do not accèpt or assum8
responsibility to anyone other than the charity and the ¢harily's truslees as a body, for our audit work,
for this r8port. or for the opinions we h8V8 foim8d.
Clalre No￿ood BS¢ FCA ATII Isenlor Statutory Audltorl
for and on behalf of Jonos Avons Llmitad
0210212022
Charter8d Accountants
ststutory Audltor
Piper House
4 Oukes Court
Bognor Road
Chichester
West Sussex
P019 8FX
Jones Avens Limited is 81igible for appointment 88 auditor of the charily by virtLJe of ils elvJibility for
appointment as auditor of a company urder ol section 1212 of the comp￿leS Acl 2006

I

Page 8
THE IAN M FOULERTON CHARITABLE TRUST
GISTE
ED CHAR
TY NO. 1164969
Statement of Fi
ancial A tivi
lès for thè
èar endad S A rll 2021
General Unrestrictèd Funds
in
Incomé and Ex
ènditura Account
Year endod
5.4.21
Year ended
5.4.20
No
INCOME & EXPENDrruRE
Incoming Resources
Gross invesimenl income
43.804.64
54.057.98
Balance from San M Foulerton Portfolio
302.04
Total Incoming Resources
43.804.64
54.360.02
Resources expended
Charitable Activiiies
(151.106.001
(93,684.001
Cost of generating funds
Investment management costs
Total Resources Expended
{8,314.721
(159,420.721
18,244.901
{101,928.901
Nat ILossesllGains on Investments
Realised gainslllossesl on sale of investments
Unrealised gainsl{losses) on inveslmenls
ILossesllGains on foreign exchange
Gains from non-reporting funds
Nat movement In funds
94,158.01
241,198.87
1227.521
5.25
219.518.53
15,147.981
{230,787.871
669.77
(282,814.961
FLJnd balance brought foNard
1,642.476.79
1.925,291.75
Fund balanco carried fobV4ard 5.4.21
1,861,995.32
1.642,478.79
None of the Charity's acliwlies were acquired or discontinued during Ihis fiscal period.
The Charity has no recognised gains or losses othèr than those dealt wilh in the
Statement of Financial Activities.
The notes on pages 9-14 form part of these accounts.

Page 9
THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY NO. 1164969
Notes to the Accounts for the
earended 5th A
21
1 ACCOUNTING POLICIES
The lan M Foulerton Charitable Trust is an unincorporated charity. registered wlh the Charity
Commission number 1164969. The registered address is
Thtjnas Eggar House. Friary Lane, Chichester, West Sussex, P019 1 UF
1.1 ACCOUNTING CONVENTION
The financial slalemenls have been prepared in accordance with Charities Act 2011 and "Accounting
and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing
their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 1021" {as amended for accounting periods commencing from 1 January 20191. The
charity is a Public Benefit Entity as defi'ned by FRS 102.
The accounts are prepared in sterling. which is the functional currency of the charity.
The accounts have been prepared on the hisloTi¢al cost convention modified for the revaluation of
inveslmenls. The principal accounting policies adopted are set out below.
1.2 GOING CONCERN
Al the time of approving the 8ccounls, the trLJStees have reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees,
continue lo adopt the ooing concern basis of accounting in preparation of the accounts.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unreslricled funds are available for use at the discretion of the trustees in furtherance of their
chari18ble objectives unless the funds have been deswJnated for other purposes.
Incoming Resources
Incoming resources include8 investment income, which is recognised when the charf(y has a legal
right lo the income.
The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale
proceeds and the Carrying value of the asset, and is recognised in net incomel{expendilurel for the
year.

Page 10
1.4 GRANTS PAYABLE
Grants payable are debited lo expenditure wlhin the Slalement of Financial Activities in the period to
which they relate.
1.5 INVESTMENTS AND INVESTMENT INCOME
All investments are slated at fair value and the movement shown comprises both realised and
unrealised gains and losses.
Realised gains or losses arising on the disposal of investments Ilogether with provisions for
diminution in value), are credited or debited lo the Slalemenl of Financial Activities, and subsequently
transferred lo Unreslricled Funds.
1.6 CHARITABLE ACTIVITIES
The cost of charitable activities consists of grants made.
1.7 COST OF GENERATING FUNDS
The cost of generating funds consists of investment management fees.
1.8 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability of the charity and ils
compliance wlh regulation and good practice. These costs include costs related lo slalulory audit
and legal fees together with other overhead and support costs.
1.9 CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks.
1.10 FINANCIAL INSTRUMENTS
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments" and
section 12 °Olher Financial Instruments Issues" of FRS 102 to all of ils financial inslrumenls.
Financial assols and liabilities are offset. with the nel amounts presented In the financlal statements,
when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to
selue on a nel basis or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured al
transaction pri¢e including transaction costs and are subsequently carried al amortised cost using the
effective interesl method unless the arrangement conslilules a financing Iransaclion. where the
transaction is measured al the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Impalrment of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed
for indicators of impaimienl al each reporting dale. Financial assets are impaired where there is
objective evidence that. as a result one or more events that occurred after the initial recognition of the
financial asset, the eslimaled future cash flows have been aflecled.

Page 11
If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the eslimaled cash flows discounted at the asset's original effective interest rate.
The impairment loss is lecognised in nel incomellexpenditurel for the year.
If there is a dacrease in the impairment loss arising from an event occurring after the impairment was
recognised. the impairment is reversed. The reversal is such that the current carrying amount does
not exceed what the carrying amount would have been. had the impairment previously been
recognised. The impairment reversal is recognised in nel incomellexpendilurel for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised al transaction
pri￿ unless the arrangement conslilules a financing Iransaclion, where the debt instrument is
measured al the present value of the future receipts discounted at a market rate of interest. Debt
instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade payables are obligations lo pay for goods or ServI￿S that have been acquired in the ordinary
course of operations from suppliers. Accounts payable are classed as current liabilities if payment is
due within one year or less. If not, ihey are presenled as non-currenl liabilities. Trade payables are
recognised initially al transaction price and subsequently measured al amortised Cost using the
effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the chority's conlraclual oblKJalions expire or are
discharged or cancelled.
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charity's accounting policies, the Iruslees are required lo make judgements,
eslimales and assumptions about the carying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered lo be relevant. Actual results may differ from these
eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo
accounting eslimales are recognised in the period in which the estimate is revised where the revision
affects only that period. or in the period of the revision affects only that period, or in the period of the
revision and future periods where the rewsion affects both current and future periods.

Page 12
THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY N
64969
Notes to the Accounts for the
d5A
ril 2021
3. FIXED ASSET INVESTMENTS
(Summary ofpagès 15 to 191
Year ended
5.4.21
Year ènded
5.4.20
Quoted investmènts
Brouoht forward 6.4.20
1.633,078.47
1,881,486.64
Additions
IncreasellDecr8asèl in portfolio cash
Disposals
Net unrealisèd gain$lllo$sesl
528.782.72
12.500.47
(575,066.811
241,198.87
1,840,493.72
783,685.87
(160,764.891
{640,561.281
<230,767.87
1,633,078.47
Quoted UK Investments
Quoted Non UK Investments
Cash held on portfolio
1.299,837.03
521,795.07
18,861.62
1,840,493.72
1,286,107.11
36Q,610.21
6.361.15
1,633,078.47
Historic cost of quoted investments
1,586,5g1.80
1,703,729.86
Invèstmènts that represent greater than 5% of th8 portfollo by Market Value
Royal London Coip Bond
Investec Gbl Tol Rln
Lionlrusl Strategic Bond
Man GLG Strategic Bond
isharès Physical Gold
Sanlam Universal Mullislral
155,529.63
100,788.89
144,403.83
146,051.37
86,471.67
131,fj87.30
129,098.44
93,432.85
93,316.07
4. DEBTORS
HM Rèvenue & Customs
403.61
340.45
S. CASH
Barclays Bank Pl¢
24,536.84
11599.11
6. CREDITORS
Other ￿edItorS
Jones Avens- Audit fee
Sanlam UK Limited- Investment Manag6ment ehargès
1,284.00
2,154.85
3,438.85
1,242.00
1,299.24
2,541.24

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Page 14
THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY NO. 1164969
Notes to the Accounts for the
ear ended S A
ril 2021
10. GOVERNANCE COSTS
Irwin Mil¢hell LLP
Jones Avens- Audit fee
14.400.00
1,326.00
15,726.00
14,400.
1,284.
15,684.(KJ
Basis of Allocation-. All of the governance costs are allocated lo the charitable activity of grant making. totalling £15,726.00
in 20211£15,684 in 20201
11. COST OF GENERATING FUNDS
Sanlam UK Limited
8,314.72
8,244.90
12. EMPLOYEES
There were no employees during the yè8r12020..nill
13. TRANSACTIONS WITH RELATED PARTIES
Thom88 Eggar Trust Corporation Limited ITrusteel is a trust company wholly owned by Irwin Mitchell LLP.
During the year In￿1n Mitchell LLP provided professional services to Ihe Charity amounting to £14.400
12020." £14,400). At the balance sheet date, nil12020.' nil) was outstanding in respect of these lees.
14. TRANSACTIONS WITH TRUSTEES
There were no paymen15 to Iruslees during the year.

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